Texas-based rocket company announces plans to sell shares at $135 apiece, aiming to raise approximately $75bn.
We have selected seven stories from this week’s news across Hong Kong, mainland China, the wider Asia region and beyond that resonated with our readers and shed light on topical issues. If you would like to see more of our reporting, please consider subscribing. 1. Concerns mount in China’s space sector that Musk’s Starship will be a failure There are growing doubts within China’s space sector that Starship, the world’s most powerful rocket being developed by SpaceX in the United States, will...
There are growing doubts within China’s space sector that Starship, the world’s most powerful rocket being developed by SpaceX in the United States, will ever overcome its engineering and financial challenges and deliver for founder and CEO Elon Musk. Starship’s latest flight on Friday – weeks before the company’s expected initial public offering (IPO) – was described as “mostly successful” by the company after engine failures occurred in both the first and second stages. After the first stage...
Elon Musk's rocket company is expected to make the biggest public debut in history.
SpaceX launched its biggest, most powerful Starship yet on a test flight Friday, an upgraded version that Nasa is counting on to land astronauts on the moon. The redesigned mega rocket made its debut two days after SpaceX CEO Elon Musk announced he was taking the company public. It blasted off from the southern tip of Texas, carrying 20 mock Starlink satellites for release halfway around the world. It is the 12th test flight of the rocket that Musk is building to get people to Mars one day. But...
It comes just a day after the firm revealed plans for a record-breaking stock market debut.
Tesla announced the roll-out of its Full Self-Driving (FSD) system in China, a week after its founder and CEO, US billionaire Elon Musk, visited the country as part of a tour led by President Donald Trump. The arrival of the system will raise the self-driving game in a market where Level 3 (L3) automated driving has been legalised. “FSD Supervised” was now available in China and nine other countries including the US, Canada, Mexico, Australia, New Zealand, South Korea and the Netherlands, the...
A successful sale could value the company at a record-setting $1.75 trillion.
Elon Musk’s planned appeal suggests the legal battle is far from over.
Tech billionaire Elon Musk is once again using his massive social media megaphone to trumpet Chinese infrastructure to an international audience. On Monday, the CEO of SpaceX and Tesla reposted on X, which he owns, a nearly six-minute video of Chongqing East Railway Station in southwestern China, drawing millions of views within hours. It is unclear whether Musk is currently in Chongqing, China’s “mountain city” known for its spicy hotpot and one of the country’s most popular tourist...
Jurors spent nearly a month hearing and viewing evidence in the high-profile trial, where Musk had accused Altman of "stealing a charity".
A US jury on Monday ruled against Elon Musk in his lawsuit against OpenAI, finding the artificial intelligence company not liable to the world’s richest person for having allegedly strayed from its original mission to benefit humanity. In a unanimous verdict, the jury in Oakland, California federal court said Musk had brought his case too late. The jury deliberated less than two hours. The trial had widely been seen as a critical moment for the future of OpenAI and artificial intelligence...
In a unanimous verdict, the jury in Oakland, California federal court said Musk had brought his case too late.
A Chinese-made tiger’s head bag carried by Elon Musk’s young son in Beijing has prompted a wave of interest online. Musk’s six-year-old son X Æ A-Xii, dressed in a Chinese style silk jacket, was pictured carrying the brown shoulder bag with a tiger’s face when he visited the Great Hall of the People with his father in Beijing. The photo quickly went viral on Chinese social media. The Tesla boss was part of a delegation accompanying US President Donald Trump on his visit to Beijing, which ended...
Elon Musk accuses OpenAI of breaching charitable trust and prioritising profit over AI safety and nonprofit values.
US President Donald Trump arrived in China – flanked by his top aides and American tech leaders – on Wednesday night as Beijing rolled out a lavish welcome ceremony at the airport. He was received by Chinese Vice-President Han Zheng at Beijing Capital International Airport. Trump’s entourage includes Jensen Huang, CEO of Nvidia and a last-minute addition to the trip, as well as US Defence Secretary Pete Hegseth, US Secretary of State Marco Rubio, billionaire entrepreneur Elon Musk and Tim Cook...
Landmark trial could shape future and leadership of OpenAI as company prepares for possible initial public offering.
She said banning the social media accounts has impacted her ability “to raise issues of public importance and reach out to people over misgovernance”
When US President Donald Trump’s delegation touches down in Beijing on Wednesday night, he looks to be flanked by a cadre of corporate executives, headlined by a man seen by much of the Chinese public as the most familiar American entrepreneur of his generation: Elon Musk. The Tesla and SpaceX chief’s presence alongside Trump for meetings with President Xi Jinping adds a distinctive commercial and personal layer to a diplomatically delicate trip. “Musk’s inclusion in Trump’s China delegation has...
US business leaders accompanying President Donald Trump on his visit to Beijing will be given the opportunity to mingle with their Chinese counterparts at an exclusive international business club, according to sources. On Monday, the White House released a list naming dozens of business chiefs accompanying Trump, including high-profile figures such as Tesla chief executive Elon Musk and Apple’s Tim Cook. Two sources familiar with the arrangement said the Capital Club Beijing has been reserved...
US President Donald Trump is expected to be accompanied by more than a dozen business leaders, including Tesla Chief Executive Elon Musk and Tim Cook of Apple, during his trip to China this week. The White House on Monday released the list of leaders set to travel to China alongside Musk and Cook, including Larry Fink of BlackRock, Kelly Ortberg of Boeing, Dina Powell McCormick of Meta and Ryan McInerney of Visa. The delegation spans key industries, including aviation, technology, banking and...
A total of 17 US executives are set to join the president on his visit, where he will meet his Chinese counterpart Xi Jinping.
Elon Musk has launched a tirade against French judicial authorities currently investigating possible abuses on his X social network. France opened an inquiry in January 2025 into allegations that X, formerly known as Twitter, was used to interfere in French politics. The investigation has since widened to cover allegations of Holocaust denial, distribution of sexual deepfakes and most recently possible complicity in the distribution of images of child sexual abuse. Responding to a post on the...